Palm City Florida Market Report ZIP Code 34990 – Residential, May 2012

Palm City Florida Market Report ZIP Code 34990 – Residential, May 2012

 

Palm City Real Estate Snapshot for ZIP Code 34990, Residential Sales for May 2012

 

For May 2012 in the 34990 Zip Code area of Palm City Florida :


There are currently 462 active listings (An increase of 12 homes from April)

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203 Residential sales are pending and awaiting close or lender approval. (A decrease of 25 homes from last month)

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70 Homes Sold in May (Increased 21 homes from April)

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For the Palm City, zip code 34990, area of Martin County Florida, the strong April continued into May with excellent closed sales.  Pending sales decreased in May which may indicate some slower closed sales in the months ahead.  Inventory was also up slightly as more home owners may realize that this could be an excellent time to sell their home.

Comparing these numbers to May of 2011, when there were 532 active listings, 129 pending sales and 61 homes sold.  Showing an all around improvement from last year, though only moderately better.  Interest levels for buyers remains high in the Palm City market and we are looking for continued strong activity in this market.

 

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Palm City Florida Market Report ZIP Code 34990 – Residential, May 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, May 2012

Stuart Florida Market Report ZIP Code 34997 – Condo, May 2012

Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2012

 

For May 2012 in the 34997 Zip Code area of Stuart, Florida :

 

There are currently 110 active condo listings (A decrease of 5 condos form April).

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29 Condo sales are pending and awaiting close or lender approval (Down 5 condos from April).

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14 Condos Sold in June (A decrease of 4 condos from April).

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A slightly disappointing month for the Stuart condo market for the area in ZIP code 34997.  While inventory decreased to 110 condos both pending and closed sales were also off.  The 34997 zip code area of Stuart contains a fairly good supply of condo communities, but there is definitely a shortage of good inventory which is effecting sales.  The current one month absorption rate is just under 8 months.  Still a buyer’s market, but close to a balance market which would be with a 6 to 7 month absorption rate.
Last years numbers were 111 active listings, 30 pending sales and 8 closed sales.  The market is marginally better than May of 2011.  We are now being hampered by lack of inventory.

 

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Stuart Real Estate Snapshot for ZIP Code 34997, Condo Sales for May 2012

 

 

Stuart Florida Market Report ZIP Code 34997 – Residential, May 2012

Stuart Florida Market Report ZIP Code 34997 – Residential, May 2012

Stuart Florida Real Estate Snapshot for ZIP Code 34997, Residential Sales for May 2012

 

There are currently 389 active listings (A decrease of 18 homes from April).

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225 Residential sales are pending and awaiting close or lender approval (A decrease of 20 homes from April).

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92 Homes Sold in April (Up 25 homes from April)

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More good results from the 34997 zip code area of Stuart Florida. This segment of the Martin County real estate market has had an exceptionally strong spring! Inventory took another drop again in May while pending sales also dropped, most likely reflecting the decrease of seasonal home buyers on the Treasure Coast.  Sales rose to a solid 92 homes for May!  The best month in closed sales for one segment of the market in many, many years.
 
 
In May of 2011, there were 548 active listings, 173 pending sales and 53 closed sales, for the 34997 zip code for Stuart, Florida.  Even with almost 150 fewer homes available for sale, closed sales almost doubled for 2012.  A very good case can be made that the market has turned in Stuart, Florida.
 
 

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Stuart Florida Market Report ZIP Code 34997 – Residential, May 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, May 2012

Stuart Florida Market Report ZIP Code 34996 – Condo, May 2012

Stuart Real Estate Snapshot for ZIP Code 34996, Condo Sales for May 2012

For May 2012 in the 34996 Zip Code area of Stuart, Florida :

 

There are currently 188 active condo listings (Down 15 from last month).

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31 Condo sales are pending and awaiting close or lender approval (A decrease of 21 condos from April).

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26 Condos Sold in May (Unchanged from April)

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The inventory continues to decline in the Stuart condo market for the area in ZIP code 34996. Sales activity was unchanged from April and pending sales were down significantly from last month. We are approaching the slower time of the year for seasonal condos and it’s not unusual to see a lower number of pending sales and probably fewer closed sales for the summer and fall for this segment of Stuart, Florida real estate.

Compared to last year in May of 2011, the numbers were 211 active listings, 38 pending sales and 22 closed sales.  Considering the inventory is approximately 20% lower than last year, the market activity is very similar and thus better when considering the reduced number of available options in the 34996 Condo market in Stuart, Florida.

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Stuart Florida Market Report ZIP Code 34996 – Condo, May 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, May 2012

Stuart Florida Market Report ZIP Code 34996 – Residential, May 2012

 

Stuart Real Estate Snapshot for ZIP Code 34996, Residential Sales for May 2012

 

 

For May, 2011 in the 34996 Zip Code area of Stuart, Florida :

There are currently 173 active listings (An increase of 8 homes from April).

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33 Residential sales are pending and awaiting close or lender approval (Down 14 from April).

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34 Homes Sold in May (Up 26 from April).

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The 34996 zip code area of Stuart Florida had an excellent May in terms of closed sales. Pending sales, however, declined and will probably be a predictor of some easing in closed sales for the summer months ahead.  The inventory rose slightly from last month, making a few additional homes available for buyers.

Comparing the numbers to May of 2011, there were 183 active listings, 31 pending sales and 8 closed sales. With the exception of a much better sales activity for may of 2012, the remaining market activity is fairly similar to last May.

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Stuart Florida Market Report ZIP Code 34996 – Residential, May 2012